A contribution may consist of property transferred, services performed, or another benefit provided to the limited liability company or an agreement to transfer property, perform services, or provide another benefit to the company.
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(h)(5)(B), 59 DCR 13171.)
The 2013 amendment by D.C. Law 19-210 rewrote the section.
Uniform Law: This section is based on § 402 of the Uniform Limited Company Act (2006 Act).
Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.
Structure District of Columbia Code
Title 29 - Business Organizations. [Enacted title]
Chapter 8 - Limited Liability Companies
Subchapter IV - Relations of Members to Each Other and to Limited Liability Company
§ 29–804.02. Form of contribution
§ 29–804.03. Liability for contributions
§ 29–804.04. Sharing of and right to distributions before dissolution
§ 29–804.05. Limitations on distribution
§ 29–804.06. Liability for improper distributions
§ 29–804.07. Management of limited liability company
§ 29–804.08. Reimbursement, indemnification, advancement, and insurance
§ 29–804.09. Standards of conduct for members and managers
§ 29–804.10. Right of members, managers, and dissociated members to information